[giorgioz]

I'm from Rome, Italy and I feel like I'm on a sinking boat where everyone is enthusiastically carving holes in the bottom.

My grand-parents bought a house to my parents when they were 27. My parents had it easy and never learned personal finance. They refused to lend me 30k to start a mortgage for the house in Budapest, Hungary despite having 2 young kids because they didn't trust Hungary stability and wanted me to go back to Italy.

They have been keeping 60k in their checking account for the past 10 years. I've tried to convince them to invest a part of it in ETF but my father wrote me that: "They have invested in the Italian social security system and they have no need for other investments other than their government pensions and the house they own". Real estate value in Rome has declined 30% since 2012.

I have been telling them about the population decline and how the pension system is gonna go belly up in the future. Then Elon Musk also tweeted about Italy grim population collapse future last month. I told my father in great distress that I was sadly right. He told me I'm working too much and I need to relax and essentially he won't be taking advice from me because I'm not thinking straight, implying I need medical attention.

Try to save Italy and you will be called crazy.